Bear Analyst il Capo Evaluated Bitcoin Decline and Shared His Latest Predictions! Short Announced the Altcoins He Closed!

Leading cryptocurrency Bitcoinspent April with declines. As the declines continued on the first day of May, BTC fell below $ 57,000.

BTCWhile the decline in .

Stating that BTC reached its previous target of $57,000-59,000 and Ethereum reached $2,700-2,800, il Capo said that a local bottom could be seen at these levels.

However, the analyst stated that there is a strong demand below these levels and said that he will not enter into any position until he sees a strong downward reaction or confirmation in BTC and altcoins and that he will be careful before taking a position.

Also adding that he closed CRO and BNB shorts profitably, il Capo added that there is a possibility of further decline.

“BTC reached the base level of $ 57 thousand – $ 59 thousand, while ETH reached $ 2700 – $ 2800. What should we expect now?

We can see a local bottom formation here, but for that we need a strong bullish PA.

There is significant demand below these levels, and that’s a good thing. But I will be careful before entering any position until I see a strong reaction or confirmation.

I made a profit on my CRO and BNB shorts. They may fall further, but profits are already very good and we are currently at support level.

Let’s see how prices react here. For now, I’ll hold off until we see a reversal.”

*This is not investment advice.